Payment Recovery
Querist :
Anonymous
(Querist) 23 June 2011
This query is : Resolved
We are doing machinery spare business in Hyderabad.One of our customer who owes our company more than one Lakh rupees from the year 2007.We made numerous phone call for payment ,but whenever he picks up the phone he says he has made the payment and it is we who didnot take it into our accounts which is a false.Can we send him a legal notice ?
Since it is more then 5 years now,how can we recover the money.Please give advice.
Does the 3 years time limit for recovery becomes a limitation for my case.
Kirti Kar Tripathi
(Expert) 23 June 2011
Whether any time was fixed for making payment.In case, no time was fixed for payment,your claim is time barred.However,in case, there exists any acknowledgement of payment, the fresh limitation will start.
Querist :
Anonymous
(Querist) 24 June 2011
He refuses to accept that the payment is outstanding.Either he or his employees properly will not respond giving random reasons.We are located in Hyd while the customer is from WG district.
On personal front,I joined my family business since 1 year,probably they didn't try that aggressively for payment.
Since the amount is 1,30,00.00 I am really looking forward for some help.We have send them copy of invoices and account statement.I will be getting a confirmation of courier acceptance.Will that help?
